Question: The discussion board will include sensitivity analysis output from a hypothetical problem, and you will be asked to write an executive summary based on the
The discussion board will include sensitivity analysis output from a hypothetical problem, and you will be asked to write an executive summary based on the output with respect to the economic interpretation of the problem.Original post required and then followup response posts to others.
Instructions for Group Discussion
Given the following output for the optimal solution for a variable named BR IC COLA, and PC and a resource constraint problem; where the optimal objective function value is and it is a maximization problem Please write a short summary that answers the following questions:
Suppose the price of a BR increases from to and the price of a PC decreases from to Does the current solution remain optimal in terms of the variables in the optimal solution
Suppose the price of a BR increases from to and the price of a PC increases from to Does the current solution remain optimal in terms of the variables in the optimal solution
How much would you pay for an additional unit of Resource Constraint
Suppose you were to acquire additional units of Resource Constraint what would your new objective value be
In your followup posts please clarify any issues or justify your answers.
Variable Cells
Cell Name Final Value Reduced Cost Objective Coefficient Allowable Increase Allowable Decrease
$B$ Variabies BR E
$C$ Variables IC E
$D$ Variables COLA E
$E$ VariabiesPC E
Constraints
Cell Name Final Value Shadow Price Constraint RH Side Allowable Increase Allowable Decrease
$F$ Resource E
$F$ Resource E
$F$ Resource E
$F$ Resource E
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